KILLING YOURSELF FINANCIALLY

• Spending too much on one thing. Truck, tractor, land.
• Big bets on one thing. The sure thing.
• Spending too much up front. What’s the least you can spend?
• Spending too much relative to the size of the business. Scale accordingly and as needed.
• Debt and interest.  Taking on too much.
• Not matching reality with expectations. Can business scale to meet needs in appropriate timeframe?
• Not seeing where the money is going. Failure to keep and analyze records.
• Transitioning too quickly. Emotions trumped Excel.
• Growing the business too slowly. Lack of sales depletes all availble cash.  
• Not rewarding yourself. It’s hard to see money just go out the door and stay motivated. Pay yourself something.
• Bad contracts, bad partnerships. Do your do diligence up front.